CBDT enables Form-1 for Ship and Aircraft Leasing Business, Form-10IEA, Form-10IFA, and Form-3AF in Income Tax Portal

Income Tax Department releases Forms for Aircraft, Ship Leasing Businesses
CBDT - Form-1 for Ship - Aircraft Leasing Business - Form-10IEA - Form-10IFA - Form-3AF - Income Tax Portal - taxscan

The Central Board of Direct Taxes ( CBDT ) has released several Forms crucial for businesses in the aviation and maritime sectors. These updates aim to streamline tax processes and provide clarity on compliance requirements. The Income Tax Department has enabled the forms in the Income Tax Portal.

Here’s a summary of the newly released forms:

1.Form-1 for Aircraft Leasing Business: Detailed guidelines can be found in Notification 65/2022.

2.Form-1 for Dividend Exemption under Section 10(34B): More information is available in Notification 52/2023.

3.Form-1 for Ship Leasing Business: Refer to Notification 57/2023 for comprehensive guidelines.

4.Form-10 IEA: Additional details can be explored in Notification 43/2023.

5.Form-10 IFA: Find out more through Notification 83/2023.

6.Form-3AF: For supplementary information, please see Notification 54/2023.

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